China warns towards increasing navy alliances and weaponising financial sanctions.
The world’s high 5 rising economies – Brazil, Russia, India, China and South Africa, often known as BRICS – are holding their annual summit nearly for the third time this yr because of the pandemic.
The assembly is happening towards a posh geopolitical backdrop, from the struggle in Ukraine and commerce disputes between China and the US, to a world financial system attempting to recuperate from the fallout of COVID-19.
Chinese language President Xi Jinping – who’s internet hosting this yr’s summit – has criticised the West’s dealing with of the Ukraine disaster and known as for co-ordination to forestall disruptions to the worldwide financial restoration.
However what function can the BRICS play?
Presenter: Hashem Ahelbarra
Einar Tangen – Senior fellow on the Taihe Institute
Sanusha Naidu – Senior analysis fellow on the Institute for World Dialogue, a South African suppose tank specializing in China and Africa
Nancy Snow – Visiting distinguished professor at Tsinghua College’s Schwarzman Students programme